@techreport{Oswald2007Death,
abstract = {This paper studies the mental distress caused by bereavement. The largest emotional losses are from the death of a spouse; the second-worst in severity are the losses from the death of a child; the third-worst is the death of a parent. The paper explores how happiness regression equations might be used in tort cases to calculate compensatory damages for emotional harm and pain-and-suffering. We examine alternative well-being variables, discuss adaptation, consider the possibility that bereavement affects someone's marginal utility of income, and suggest a procedure for correcting for the endogeneity of income. Although the paper's contribution is methodological, and further research is needed, some illustrative compensation amounts are discussed.},
address = {Bonn},
author = {Andrew J. Oswald and Nattavudh Powdthavee},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {D1; 340; Bereavement; damages; happiness; compensation; well-being; GHQ scores; Lebenszufriedenheit; Sterblichkeit; Familie; Wert des Lebens; Sch\"{a}tzung; Gro\ss{}britannien},
language = {eng},
number = {3159},
publisher = {IZA},
title = {Death, happiness, and the calculation of compensatory damages},
type = {IZA Discussion Papers},
url = {http://hdl.handle.net/10419/34425},
year = {2007}
}